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Vitality Impression Partners Expands Mobility Portfolio with Investment decision in FLO | AddEnergie | Business

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NEW YORK–(Enterprise WIRE)–Feb 16, 2021–

Vitality Effect Associates (EIP), a world expense system main the transition to a sustainable electrical power potential, declared right now its participation in the newest Series C funding round for AddEnergie Systems Inc. (FLO | AddEnergie ), a main North American charging network operator for electric automobiles and a major company of sensible charging software program and gear. This delivers the total of the Collection C round to CAD$53 million.

Started in Quebec in 2009, FLO | AddEnergie is a leader in wise charging alternatives for electric powered autos in Canada and is increasing on the intercontinental scene. The corporation has founded its market place leadership through assignments, amongst other individuals, with Canadian utility, and EIP minimal husband or wife, Fortis, Inc. The lifted money will let FLO | AddEnergie to lover with utilities to grow FLO ®, its North American electrical car (EV) charging network in the U.S. and Canadian markets. The enterprise deployed more than 13,000 charging stations in 2020, increasing to cities like Los Angeles, Cincinnati and Toronto.

“Our financial investment in FLO | AddEnergie will aid the enlargement of EV charging networks across North The us, and will be a catalyst for the accelerated adoption of EV’s in the two the US and Canada,” mentioned Cassie Bowe, principal at Electricity Impact Partners. “We are pleased to spouse with the company as they are accelerating their growth in the US and doing work with utilities to make EV use doable for hundreds of thousands of motorists in North America.”

With this hottest expenditure, EIP has expanded its overall investments in the EV transportation and mobility industry to 5 revolutionary corporations, including Volta, Greenlots, Viriciti, and Remix. The financial commitment is reflective of EIP’s pursuit of partnering with firms at the intersection of electrification and mobility.

“We welcome EIP as an investor in FLO | AddEnergie,” reported Louis Tremblay, President and CEO at FLO | AddEnergie. “Our FLO community, which depends on chopping edge quick charging know-how and good vitality administration solutions, will not only basically remodel the way the general public thinks about transportation, but also get ready utilities for the complicated challenges involved with expanded EV use. With, EIP’s assist, FLO | AddEnergie will make accelerated EV adoption in the U.S. a truth.”

For much more information and facts on EIP, you should visit www.energyimpactpartners.com.

About FLO | AddEnergie

AddEnergie is a top North American charging network operator for electric motor vehicles and a important service provider of good charging application and products. Every thirty day period, AddEnergie charging stations and its FLO community allow roughly 50 percent a million charging situations and the transfer of 5.5 GWh in electrical energy, many thanks to about 35,000 large-high-quality stations deployed on community networks, commercial and household installations. AddEnergie’s headquarters and network functions heart are centered in Quebec Metropolis, and its assembly plant is found in Shawinigan (Quebec). The corporation also has an office environment in Montreal and regional groups located in Ontario, British Columbia, California, New York and Florida. For more information and facts take a look at flo.com.

About Vitality Impact Associates

Electricity Impression Companions (EIP) is a global investment decision system top the transition to a sustainable power long run. EIP brings jointly business people and the world’s most ahead-seeking strength and industrial providers to progress innovation. With in excess of $1.5 billion in assets beneath administration, EIP invests globally throughout undertaking, growth, credit rating and infrastructure – and has a team of additional than 45 pros based mostly in its places of work in New York, San Francisco, Palm Beach, London, Cologne and before long Oslo. For a lot more facts on EIP, make sure you take a look at www.energyimpactpartners.com.

Perspective source edition on businesswire.com:https://www.businesswire.com/news/home/20210216005346/en/

Get hold of: Electrical power Influence Partners Media Get in touch with

Matthew Matyjek

On behalf of EIP

[email protected] | AddEnergie Media Get in touch with

Sylvain Bouffard

Director, Communications and General public Affairs

FLO | AddEnergie

418 480-5884

[email protected]

Key word: NEW YORK UNITED STATES NORTH The united states

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Source: Vitality Influence Partners

Copyright Business Wire 2021.

PUB: 02/16/2021 08:02 AM/DISC: 02/16/2021 08:02 AM

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